Contributed By Florent (Amsterdam - HQ)
In practice, only individuals on the 'bankruptcy trustee list' (curatorenlijst) mentioned in 9.3 Selection of Statutory Officers may be appointed to serve as a statutory officer; however, the Dutch Bankruptcy Act contains no formal requirements as to identity, qualifications or credentials, allowing for (co-)appointment of others (eg, financial experts, accountants in case of a financial institution) in exceptional situations. Before accepting an appointment, a bankruptcy trustee of the administrator must verify whether he or she is conflicted. If that is the case, the bankruptcy trustee or administrator will have to withdraw. A statutory officer is conflicted if he or she is a creditor, creditor representative, owner, officer or director of the company concerned.